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Entrepreneurs’ Motivational and Success Factors

Urusha Chapagain

Abstract

Entrepreneurship is increasingly recognized as an important driver of economic growth, productivity, innovation and employment, and it is widely accepted as a key aspect of economic dynamism. Transforming ideas into economic opportunities is the decisive issue of entrepreneurship. History shows that economic progress has been significantly advanced by pragmatic people who are entrepreneurial and innovative, able to exploit opportunities and willing to take risks.

The relationship between motivational and success factors for entrepreneurs success has not been intensively studied in Nepalese context. This research attempted to access motivational and success factors and their relationship with success of Entrepreneurs in Nepal. The population for this research was composed of entrepreneurs and small business owners. Convenience sampling was used in this study to choose the respondents for the study. Convenience sampling was used due to the nature of study. The data were collected through the distributed questionnaire. Respondents were approached and informed about the purpose of the survey in advance before they were given the questionnaire.A total of 108 responses were accepted. Yamane developed the equation to yield a representative sample for proportion. It provides a simplified formula to calculate the sample sizes.